June 30, 2025
Tech News
Eligible Fortnite players finally have a second opportunity to claim refunds from the $245 million settlement reached between Epic Games and the Federal Trade Commission (FTC). The deadline for submitting claims is set for July 9, with many refunds already issued since the settlement was originally announced in 2022.
In a separate development, Microsoft is experiencing delays with its Maia AI chip, now pushed to mass production in 2026 instead of the anticipated 2025. This setback impacts Microsoft’s plans to utilize the chip in its data centers, as challenges such as design changes and staffing issues continue to hinder progress.
Meanwhile, Runway is making headlines by allowing users to generate video games using generative AI technology. Known for its contributions to Hollywood, Runway plans to unveil a consumer product featuring a basic interface for text and image generation, with fully developed games anticipated later this year, signaling a shift toward AI in gaming.
Amidst these tech advancements, the TechCrunch All Stage summit is approaching, with early ticket pricing allowing founders to save up to $425. Set to take place on July 15 in Boston, the event will feature insightful sessions on funding strategies and growth-stage scaling, among other topics vital for startups.
As the tech industry evolves, cloud competitors like Google and Amazon are also announcing innovative AI chips. Google recently introduced its latest Tensor Processing Units, while Amazon is set to launch its next-generation AI chip, Trainium3, later this year, showcasing their commitment to enhancing performance and reducing costs.
Tech Explained
Generative AI – This technology refers to systems that generate new content, such as text, images, or even video games, by learning from existing data. Runway’s recent plans demonstrate how generative AI can be applied in various industries, including gaming and film production.
AI chip – AI chips are specialized processors designed to accelerate machine learning tasks. Microsoft’s Maia chip, although delayed, aims to enhance AI operations within Microsoft data centers, which would help reduce reliance on external chip manufacturers.
Funding strategies – This term relates to the various methods startups use to secure financial backing. The upcoming TechCrunch All Stage summit will discuss effective funding strategies that entrepreneurs can employ to propel their businesses forward.
Cloud computing – This refers to the delivery of computing services over the internet, allowing companies to access resources such as storage, processing power, and databases without needing physical infrastructure. Major companies like Microsoft, Amazon, and Google are leveraging custom AI chips to optimize cloud services.
Settlement – In the legal context, a settlement is an agreement reached by parties to resolve a dispute without proceeding to trial. The Fortnite refund settlements illustrate how legal actions can lead to compensation for consumers impacted by company practices that are deemed unfair or deceptive.
